Carry trade is an investment consisting of borrowing at a low interest rate to invest in an asset providing a higher rate of return, typically for less than a year.
Carry trades often involve borrowing in hard currency (such as dollars, euros, british pounds, or yen) to invest in high-risk, high-interest notes issued by third world countries.
As these investments are typically not sustainable for the issuing country, most such carry trades are cashed out (re-converted into dollars) within a year - during which net returns of 10% to 50% can often be earned.
Carry trades often involve borrowing in hard currency (such as dollars, euros, british pounds, or yen) to invest in high-risk, high-interest notes issued by third world countries.
As these investments are typically not sustainable for the issuing country, most such carry trades are cashed out (re-converted into dollars) within a year - during which net returns of 10% to 50% can often be earned.
A disastrous carry trade developed in Argentina during the Macri presidency (2015-19), as both local and foreign investors took advantage of notes with annual yields averaging over 80%. The trick was re-converting the notes into dollars before the inevitable devaluations, in which the investment could lose 20% in a day.
by ruckman December 24, 2019
Get the carry trademug. by SheckWes123 September 12, 2024
Get the Pouya Trademug. Analogous to “Jack of all trades” but a tribute to the legend himself Dennis Waterman. The only actor with enough talent to star in it, write the theme tune and sing the theme tune.
by Gerry Standing November 3, 2020
Get the Dennis of all tradesmug. by Cheeky Mate June 4, 2022
Get the Jacket of All Tradesmug. Meaning of North American Free Trade Agreement in English:
North American Free Trade Agreement
PROPER NOUN
(also NAFTA)
An agreement which came into effect in January 1994 between the US, Canada, and Mexico to remove barriers to trade between the three countries over a ten-year period.
North American Free Trade Agreement
PROPER NOUN
(also NAFTA)
An agreement which came into effect in January 1994 between the US, Canada, and Mexico to remove barriers to trade between the three countries over a ten-year period.
How to use North American Free Trade Agreement (nɔ (r)θ əˈmerɪkən fri treɪd əˈɡri mənt) in a sentence is still unknown.
North American Free Trade Agreement (nɔ (r)θ əˈmerɪkən fri treɪd əˈɡri mənt)
North American Free Trade Agreement (nɔ (r)θ əˈmerɪkən fri treɪd əˈɡri mənt)
by ANCIENT_WOLFY January 19, 2022
Get the North American Free Trade Agreement (nɔ (r)θ əˈmerɪkən fri treɪd əˈɡri mənt)mug. A fair trade in fantasy football where the receiver of the offer is afraid of change and needs an excuse to get out of it.
Alex would have gotten Dak Prescott AND Alshon Jeffrey, but he turned it down and called it a garbage trade because he didn't know exactly how well they'd do for the rest of the season.
by JackLovesHappyHour September 26, 2018
Get the Garbage Trademug. The act of taking a hit from a bong and passing it person to person in a group of three as to form a triangle (not gay)
by Skullfacev September 7, 2019
Get the Triangle Trademug.